Group buys WPXI in deal for TV stations

//Group buys WPXI in deal for TV stations

Group buys WPXI in deal for TV stations

Atlanta-based Cox Enterprises Inc. has reached a deal to sell a majority interest in many of its TV stations, newspapers and radio stations. WPXI-TV is included in the sale. Apollo Global Management LLC (NYSE: APO) will gain a majority ownership of 14 TV stations. A release states Apollo also will acquire a majority stake in the daily Ohio newspapers of Dayton Daily News, Springfield News-Sun and Journal News. Earlier this week Reuters cited unnamed sources that said the deal reached nearly $3…

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By | 2019-02-16T18:02:35+00:00 February 16th, 2019|Media|

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